Free Practice IIA IIA-CIA-Part2 Exam Questions 2025

Stay ahead with 100% Free Practice of Internal Auditing IIA-CIA-Part2 Dumps Practice Questions

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Total 485 Questions | Updated On: Apr 10, 2025

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Question 1

An internal audit activity has been asked to coordinate compliance efforts with the quality assurance department. Which of the following statements is true about this situation?

A : The proposed coordination of compliance efforts would impair the independence of the internal audit activity. Therefore, the proposed situation should be declined.

B : The situation is acceptable if the internal audit activity is not involved in designing procedures or installing and conducting operational activities.

C : Compliance activities should be undertaken whenever proposed because they add significant value to the organization and support efforts to mitigate risks.

D : The objectivity of the internal auditors who participate in coordinating the compliance efforts would be impaired. Therefore, internal auditors should decline the proposed situation.

Answer: B

Question 2

According to IIA guidance, which of the following objectives was most likely formulated for a non-assurance engagement?

A : The internal audit activity will assess the effects of changes in maintenance strategy on the availability of production equipment.

B : The internal audit activity will inform management on the possible risks of moving the data warehouse to a cloud server maintained by a third party.

C : The internal audit activity will ascertain whether the data center security arrangements are compliant with agreed terms.

D : The internal audit activity will ensure equipment downtime risks have been managed in accordance with the internal policy.

Answer: C

Question 3

When constructing a staffing schedule for the internal audit activity (IAA), which of the following criteria are

most important for the chief audit executive to consider for the effective use of audit resources?

1. The competency and qualifications of the audit staff for specific assignments.

2. The effectiveness of IAA staff performance measures.

3. The number of training hours received by staff auditors compared to the budget.

4. The geographical dispersion of audit staff across the organization.

Section: Volume E

A : 1 and 3

B : 1 and 4

C : 2 and 3

D : 2 and 4

Answer: B

Question 4

According to the Standards, which of the following is least important in determining the adequacy of an annual audit plan?

A : Sufficiency.

B : Appropriateness.

C : Effective deployment.

D : Cost effectiveness.

Answer: D

Question 5

During an internal audit engagement, which of the following is true regarding the decision to use statistical sampling or nonstatistical sampling?

A : The decision affects the test procedures performed.

B : The auditor's response to errors detected will be influenced.

C : The competence of the evidence obtained is greater with statistical sampling.

D : Nonstatistical sampling may be more cost effective.

Answer: A

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Total 485 Questions | Updated On: Apr 10, 2025

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